Study forecasts increase in plastic bottle recycling

Research and Market’s "Plastic Bottle Recycling Market in the U.S. 2015-2019" predicts 3.7 percent CAGR from 2014 to 2019.

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Ireland-based Research and Markets has released a study that forecasts 3.7 percent compound annual growth (CAGR) in the plastic bottle recycling market in the United States between 2014 and 2019.

The report, “Plastic Bottle Recycling Market in the U.S. 2015-2019”, has been prepared based on an in-depth market analysis with inputs from industry experts involved in this sector, according to Research and Markets. These prominent vendors include Advanced Environmental Recycling Technologies, Avangard Innovative, Phoenix Technologies International, UltrePET, CarbonLITE, Complete Recycling, ECO2 Plastics, Evergreen Plastics, National Recycling Technologies, Recycle Clear and Worldwide Recycler Services.

The report covers the market landscape and its growth prospects in the coming years.

Commenting on the report, an analyst from the team says, “The demand for plastic and related products in the U.S. is growing at a significant rate, driven by the benefits of plastic materials over metals. Plastic is used in various industries such as automotive, health care, defense, oil and gas, and energy. This is one of the major reasons that has intensified the national focus on plastic recycling. In addition, recycling of plastic materials is critically important from an environmental point of view, as it helps address threats such as global warming, ozone layer depletion and environmental pollution.”

According to the report, the growing demand for plastic bottles from various end-use segments, such as automotive, health care, oil and gas, construction, food and beverage and household products has stimulated the production of plastic bottles. The scarcity of reserves and rising raw material and commodity prices are creating new prospects in the market. In addition, the recycling industry has grown considerably in the last 10 years, driven by growing environmental concerns, according to the study.

Key questions answered in this report include:
 
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?
 
Research and Markets offers the report for a fee online at www.researchandmarkets.com/research/nqz3ff/plastic_bottle.

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